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Isn’t this the exact problem that cryptocurrencies solve? With stablecoins, you can send any amount of money anywhere in the world for almost no cost.
by teh_infallible 3y ago
Isn’t this the exact problem that cryptocurrencies solve? With stablecoins, you can send any amount of money anywhere in the world for almost no cost.
- will5421 3y agoNo cost is better than almost no cost
- asylteltine 3y agoNo because this uses real money
- grumple 3y agoFedNow transaction settlement is seconds, crypto is considerably slower. FedNow also incorporates fraud protection, which is obviously totally absent from the crypto domain.
- mcfedr 3y agoCrypto doesn't add anything to this situation a normal business can do it. PayPal, Venmo etc
- astrange 3y agoThe last time I sent USDC somewhere it charged me like $15.